An indictment is merely an to commit wire fraud, wire fraud, conspiracy to commit commodity beyond a reasonable doubt in unlicensed money transmitting business, and conspiracy to commit international money.
Satish Kumbhani and six others were named by an unidentified lawyer in a complaint over missing bitcoin. US regulators sent cease-and-desist letters to the lending platform due to its failure to register, and BitConnect's operators said these demands "became a hindrance for the legal continuation of the platform. In October , another alleged promoter of BitConnect, this time Australian John Bigatton, was charged with offering unlicensed financial services and five other counts related to his involvement. Bitconnect was released in to allow users to lend the value of Bitconnect Coin in return for interest payments. San Diego Union-Tribune.
